Shiba Inu Enthusiasts Burn Record 2.25 Billion SHIB in 24 Hours.
In a remarkable feat, the Shiba Inu enthusiasts have set fire to a record 2,259,598,377 (2.25B) SHIB in the past 24 hours. This milestone was achieved through six separate transactions, with CultPunks and a mysterious wallet emerging as the top contributors to the burn.
In the past 24 hours, there have been a total of 2,259,598,377 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) May 3, 2023
CultPunks
CultPunks, a newly launched NFT collection on Modulus Network, has removed a 246,743,138 (246.74M) SHIB from circulation forever in a single transaction executed about 19 hours ago from press time.
Blaze Token
A few hours later, the Blaze sent a record-breaking 2,005,265,274 (2B) SHIB, worth $19,992, to the dead wallet in one significant transaction.
2 BILLION $SHIB BURNT AND 5 BILLION #BLZE BURNT!!
THIS IS JUST THE START!!!
LIKE AND RETWEET! pic.twitter.com/EuZmbOXLrU
— Blaze Token (@blaze_token) May 2, 2023
Burn Rate
These massive burns have caused the overall burn rate to surge by an eye-popping 30,940.10% compared to the previous day, where only 5,834,817 (5.83M) were burned through three distinct transactions.
Social Media
The Shiba Inu craze continues to dominate social media, with the coin being the most-talked-about cryptocurrency on Twitter with 536,000 tweets.
In the past seven days, it has also emerged as the second most trending coin on CoinMarketCap, only next to Bitcoin (BTC).
As reported earlier by The Crypto Basic, 1,853,613 (1.85M) users on CoinMarketCap have added Shiba Inu to their watchlists to keep a close eye on its recent price movements.